Sony Corp. (SNE) Fell To Over A 2-Month Low

4/16/2012 7:50 AM ET

Sony Corp. (SNE: Quote) announced Thursday it will cut about 10,000 jobs in fiscal 2012 as part of a turnaround plan.

Sony gapped open sharply lower Friday and declined during the first half of the morning. The stock was range-bound for the remainder of the session and closed down by 1.37 at $17.36 on above average volume. Sony has been losing ground for the past 2 weeks and closed at over a 2-month low.